• 
• See all for Dividend.com
• View Print Version

• Best Dividend Stocks
• High-Yield Dividend Stocks
• Ex-Dividend Calendar

• CCL 67% Rate It

Cruise line operator Carnival Corporation ( CCL ) on Friday posted better-than-expected second quarter earnings results and lifted its full-year outlook.

The Miami-based company reported second quarter net income of $14 million, or 2 cents per share, compared with $206 million, or 26 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 20 cents per share.

Revenue fell 3% from last year to $3.5 billion.

On average, Wall Street analysts expected a smaller profit of 8 cents per share, albeit on slightly higher revenue of $3.55 billion.

Looking ahead, CCL forecast third quarter adjusted earnings of $1.42 to $1.46 per share, which straddles analysts' view of $1.44 per share.

For the full year 2012, CCL raised its earnings estimates to a range of $1.80 to $1.90 per share, up from $1.40 to $1.70. Analysts expect $1.67 per share for the year.

Carnival shares fell 77 cents, or -2.2%, in Friday morning trading.

The Bottom Line
Shares of Carnival Corporation ( CCL ) have a 2.89% dividend yield, based on last night's closing stock price of $34.58. The stock has technical support in the $30-$32 price area. If the shares can firm up, we see overhead resistance around the $36-$38 price levels.

Carnival Corporation ( CCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Related Stocks Articles

• 
  DSW Opens New Store - Analyst Blog
  5/22/2013 11:29 AM
• 
  BlackRock Soars to a New 52-Week High - Analyst Blog
  5/22/2013 11:29 AM
• 
  Morgan Stanley to Divest Indian Wealth Unit - Analyst Blog
  5/22/2013 11:29 AM